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Completely agree.
I talked concerning the 3 indicators of a coming earnings recession right here:t.co/PM3J75GJk4
— Mosaic Asset (@MosaicAssetCo) December 21, 2022
Recession likelihood mannequin from @NewYorkFed has climbed past its 2020 peak (by slim margin) and is now at its highest since GFC pic.twitter.com/rHcl3dO19A
— Liz Ann Sonders (@LizAnnSonders) December 21, 2022
Housing market is collapsing. 12 months-over-year, gross sales fell by 35%, the sixteenth month in a row of year-over-year declines. In comparison with the latest free-money peak in October 2020, gross sales had been down 39%
Economists Place 70% Likelihood for US Recession in 2023
The likelihood of a downturn in 2023 climbed from 65% odds in November and is greater than double what it was six months in the past, in keeping with the most recent Bloomberg month-to-month survey of economists. The ballot was performed Dec. 12-16, with 38 economists responding concerning the likelihood of a recession.
The median estimates see gross home product averaging a paltry 0.3% subsequent 12 months, together with an annualized 0.7% decline within the second quarter and flat readings within the first and third quarters. Shopper spending, which accounts for about two-thirds of GDP, is projected to barely develop within the center half of the 12 months.
Mike Wilson, Morgan Stanley, compares 2022 to 2008. pic.twitter.com/xtwdWZG3xR
— RationalInvestor (@Orangeman1992) December 19, 2022
This 12 months’s bear market hasn’t even erased the good points from 2021. If shares are value extra now than they had been when charges had been zero, a stimmy-fuelled financial system dominated and company income had sturdy development forward, what does that suggest? 🤔 pic.twitter.com/zZFxajA9lA
— Wasteland Capital (@ecommerceshares) December 21, 2022
Dwelling gross sales tumbled greater than 7% in November, the tenth straight month of declines
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